This indicator finds wedges, which are continuation patterns that are defined by convergent
trend lines surrounding the period of price consolidation. It signals trades by using the donchian breakout along with the breakout
formation.

[ Manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]
  • Easy to use
  • Customizable colors and sizes
  • Implements breakout signals
  • It implements alerts of all kinds

Optimal use

To see the wedges of all sizes that may overlap, load the indicator on the chart several times with different sizes,
for example, 6, 12, 18, and 24.

Input parameters

  • Size: The size of the found patterns, expressed as columns between alternative points.
  • Breakout Period: The Donchian period for marking trades
  • Maximum. History bars: the number of past bars to analyze on the chart
  • Bull Pattern Color: This parameter is self-explanatory
  • Bear Pattern color: This parameter is self-explanatory
  • Color of continuous patterns: This parameter is self-explanatory
  • Line width: the size of the drawing lines
  • Bullish breakout color: this is the color of the buy arrows
  • Bearish Breakout color: this is the color of the arrows for sale
  • Arrow size: This is the size of the arrows displayed on the chart
  • Custom Alert Name: Custom signature for alerts created on this graph
  • Display alerts: Enable or disable alerts on the screen
  • Email Alerts: Enable or disable email notifications.
  • Push Alerts: Enable or disable Push Alerts.
  • Sound Alerts: Enable or disable sound alerts.
  • Audio file: The audio file that is played when a warning appears on the screen.

author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Read More…

This indicator finds wedges, which are continuation patterns that are defined by convergent
trend lines surrounding the period of price consolidation. It signals trades by using the donchian breakout along with the breakout
formation.

[ Manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]
  • Easy to use
  • Customizable colors and sizes
  • Implements breakout signals
  • It implements alerts of all kinds

To see the wedges of all sizes that may overlap, load the indicator on the chart several times with different sizes,
for example, 6, 12, 18, and 24.

  • Size: The size of the found patterns, expressed as columns between alternative points.
  • Breakout Period: The Donchian period for marking trades
  • Maximum. History bars: the number of past bars to analyze on the chart
  • Bull Pattern Color: This parameter is self-explanatory
  • Bear Pattern color: This parameter is self-explanatory
  • Color of continuous patterns: This parameter is self-explanatory
  • Line width: the size of the drawing lines
  • Bullish breakout color: this is the color of the buy arrows
  • Bearish Breakout color: this is the color of the arrows for sale
  • Arrow size: This is the size of the arrows displayed on the chart
  • Custom Alert Name: Custom signature for alerts created on this graph
  • Display alerts: Enable or disable alerts on the screen
  • Email Alerts: Enable or disable email notifications.
  • Push Alerts: Enable or disable Push Alerts.
  • Sound Alerts: Enable or disable sound alerts.
  • Audio file: The audio file that is played when a warning appears on the screen.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


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